Matricon Mures invests 2.5m euros in retooling

Matricon Mures, a producer of equipment for the textile industry, will invest 2.5 million euros this year in retooling the plant. The company conducted investments worth a total of one million euros last year in acquiring production equipment, IT equipment and developing its own technologies. Matricon Mures posted a 6.3 million-euro (20.2 million-RON) turnover last year, 50% higher than in 2005. Last year, exports accounted for almost 90% in the company’s turnover. The number of the company’s employees in Mures county rose by 12 people last year, compared with 2005, reaching 220 people. The value of Matricon Mures’s assets rose by 8.87 million euros (28.4 million RON), following a reappraisal of the buildings and plots held by the company. The company’s most significant assets are its plots of land, appraised at 4.9 million euros.